Are you
looking to buy or sell? we have the system that will work for you, 100% guarantee. Selling
your home, we have the tools to help sell your home quickly, for cash and at
the highest possible price.
Today. We would like to talk to you about December
2019: The Buyer Stakes Are High Because Inventory Is Low
The reality of what we’re seeing this month is that homes are selling
fast. In today’s strong seller’s market, bidding wars are common and expected
with starter or entry-level homes.
In
most areas of the country, first-time buyers have been met with fierce
competition throughout their homebuying experience. Some have been out-bid
multiple times before finally going into contract on a home to call their own.
Right
now, inventory is the big challenge. Here’s what we know today:
According
to the latest Existing Home Sales Report from the National Association of Realtors (NAR),
there is currently a 3.9-month supply of homes for sale, which can drive this
kind of hefty buyer competition. Remember, anything less than 6 months of
inventory is a seller’s market.
Even
though the month’s supply of inventory is not increasing, ironically, the
number of homes for sale is. This means homes are coming up for sale, but
they’re being sold quickly. The graph below shows
the year-over-year change in inventory over the last 12 months.
As depicted above, the percentage of available inventory has
fallen for four consecutive months when compared to the previous year.
So,
what does this mean? If you’re a buyer,
be sure to get pre-approved for a mortgage and be ready
to make a competitive offer, so you can move quickly.
Chances are, homes high on your wish list are likely going to go fast.
Bottom Line
If you’re thinking of buying
a home, make sure you’re taking the right steps at the beginning of the
process, so you’re a top contender if you ultimately find yourself in a bidding
war. Let’s get together to discuss what you need to do to make your move toward
homeownership.
THE WHOLE DEAL: FROM HIRE US TO CLOSING
Our Marketing Systems Are Design To
TARGET & ATTRACT QUALIFY SERIOUS
HOME BUYERS.
Not Those Who Will Only BUY Your Home If
They Can Steal It by Making Ridiculous
For more information connect with me directly,
Please call/text Rossmery 917-515-9783 or email nyhomeseller@gmail.com
See More Properties For Sale
No comments:
Post a Comment